Background*

Mr. Ronald S. Lauder, also known as Ron, serves as the President of the Jewish National Fund. Mr. Lauder is a Founder and serves as the Chairman of the Board of RWL Water Group. He is a Principal at LSKW Investment LP and principal and controlling shareholder of RSL Communications Ltd. He serves as co-President at Institute for the Study of Aging, The. He is the founder of Central European Media Enterprises Ltd, and co-founder of RSL Communications, Ltd. In 2001 he established ... the Neue Galerie New York, of which he serves as President. He is the Founder of R&R Venture Partners. Mr. Lauder joined Estee Lauder Companies Inc. in 1964 and has served in various capacities. From 1986 to 1987, Mr. Lauder was an U.S. Ambassador to Austria. From 1983 to 1986, Mr. Lauder served as Deputy Assistant Secretary of Defense for European and NATO Affairs. He serves as the Chairman of Clinique Laboratories Llc. Mr. Lauder is a principal shareholder of The Estée Lauder Companies, Inc. (“Estée Lauder”) and has been Chairman of Estée Lauder International since 1987. He serves as Honorary Chairman of Museum of Modern Art. He served as Non-executive Chairman of Central European Media Enterprises Ltd. since 1994 until March 2014. He serves as Chairman of the International Public Committee of the World Jewish Restitution Organization. He served as Chairman of the Board of Trustees of the Museum of Modern Art from 1995 to 2005. Mr. Lauder served as the Chairman of RSL Communications, Ltd. from 1994 until 2001. He was the Chairman of Estee Lauder International, Inc. from 1987 to 2002. He serves as Director at Institute for the Study of Aging, The. He served as a Director of The Estee Lauder Companies Inc. since 1988 until July 2009 and previously served the same position from 1968 to 1986. Mr. Lauder serves as the President at World Jewish Congress American Section Inc since June 2007. He served as Director of RSL Communications, Ltd. since 1994. He serves as a Member of the Board of Governors of the Joseph H. Lauder Institute of Management and International Studies at the University of Pennsylvania. He is a former Chairman of the Council of President of American Jewish Organizations. He holds his B.S. in International Business from the Wharton School of the University of Pennsylvania. He studied at the University of Paris and received a Certificate in International Business from the University of Brussels.

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